Beef's economic indicators point to continued improvement in the industry during August. Seven out of eight economic indicators measured in Drovers' analysis point higher. Boxed beef prices that weakened in mid-summer rebound in August as strong retail demand pulled beef through the system. Both packer and feedyard margins were strong last month. Despite feeder profits, fed cattle prices have remained near $65 per hundredweight for the past several months. Steady fed prices translate into steady yearling and calf prices as well. The resolve of feeders will be tested as they try to hold out for a bigger share of the packer's margins. Competitive meats caused the only downward arrow as pork production increased and retail prices for both pork and chicken decreased.